News
Chartwell Capital Buys Multifamily Complex in Class A Location for $21.3M
The 428-unit residential complex at 7671 E. Tanque Verde Road in Tucson changed hands. Utah-based Chartwell Capital Partners, LLC acquired the asset from Holualoa Companies of Tucson for $21.3 million. The property was 94 percent leased at time of sale.
Akridge, Mitsui Fudosan Complete 170 KSF Office Project in Washington, D.C.
Akridge and Mitsui Fudosan America have just opened the doors of the new 1200 Seventeenth St., N.W.
EdR Acquires 900-Bed Student Housing Property Near ASU for $90M
The property first opened its doors to residents in August 2013, offering 279 units laden with the high-end amenities that are fast becoming a prerequisite among the student population.
INTERNATIONAL: Scandic Will Manage New Hotel in Oil-Industry City
Scandic announced it will manage the new Scandic Stavenger Congress Hotel, which is under development in downtown Stavenger, Norway.
Chicago Bulls Open New 60,000-Sq. Ft. Training Facility
The Bulls recently hosted the opening of Advocate Center, the team’s new training facility in downtown Chicago.
75 Hawthorne Awarded LEED Platinum Certification by the U.S. Green Building Council
It was recently announced that 75 Hawthorne at Hawthorne Plaza was awarded Platinum level certification under the United States Green Building Council’s LEED for Existing Buildings Rating System. Owned John Hancock Life Insurance Company, a division of Manulife Financial Corporation in Canada and managed by previous owner and current property manager Hines, the asset was previously awarded Gold-level certification under the same system back in 2009. Hines sold the property to its current owner in 2011, but it stayed on to carry out property management duties at the asset.
$40M Wildlife Museum Donated to the University of Colorado
The University of Colorado recently received the largest real estate donation in its 138-year history: The Wildlife Experience facility in south Denver.
Lionstone Snaps Up 650 KSF San Diego Tech Center
Lionstone Investments acquired the trophy property from Beacon Capital Partners, which paid $152.2 million for the asset in 2012.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.